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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0001193125-23-080557 0001201895 XXXXXXXX LIVE 22 Institutional Class Common Shares 08/04/2025 false 0001896329 72203N509 PIMCO FLEXIBLE REAL ESTATE INCOME FUND 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660 Daniel J. Ivascyn (888) 877-4326 c/o Pacific Investment Management Company LLC, 650 Newport Center Drive Newport Beach CA 92660 Regina M. Schlatter, Esq. (714) 540-1235 Latham & Watkins LLP, 650 Town Center Dr Costa Mesa CA 92626 0001201895 N IVASCYN DANIEL J PF N X1 4138497.19 0.00 4138497.19 0.00 4138497.19 N 10.5 IN Institutional Class Common Shares PIMCO FLEXIBLE REAL ESTATE INCOME FUND 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660 This amendment to the Schedule 13D, as amended, of the Reporting Person (collectively, the "Schedule") reports and reflects a decrease in the beneficial ownership of the Issuer's Common Shares due to an increase in the outstanding shares of the Common Shares of the Issuer. Except as set forth herein, the Schedule is unmodified. The Reporting Person beneficially owns 4,138,497.188 Common Shares directly and an aggregate of 79,608.01 Common Shares held through two trusts for the benefit of 2 children and as to which the Reporting Person is trustee, which represents approximately 10.5% of the Issuer's currently outstanding Common Shares, based upon 39,262,194 Common Shares outstanding as of August 1, 2025. The Reporting Person has the sole power to vote or direct the vote, and to dispose or direct the disposition of, all of the Common Shares beneficially owned by the Reporting Person described in paragraph (a) above. The Reporting Person has not effected any transactions in the Issuer's Common Shares within the past 60 days. No person other than the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds of the sale of, his Common Shares. Not applicable. IVASCYN DANIEL J /s/ Michelle Fabre Attorney-in-fact for Daniel J. Ivascyn 08/06/2025